March 2014

New York City has begun efforts to establish a wetlands mitigation bank in Staten Island. The bank would provide an opportunity for off-site mitigation of impacts to water resources, including wetlands, related to development activities requiring New York State Department of Environmental Conservation and United States Army Corps permits. The ability to offer off-site compensation for wetland and other aquatic resource impacts associated with waterfront developments would facilitate the improvement and protection of coastal resources on the bank site and serve as an important mitigation tool for development projects that currently is unavailable in New York City. read more